need help with the remaining problems

More Info 40 a. On January 1, 2018, NRRC issued no par common stock for $500,000. b. Early in January, NRRC made the following cash payments: 1. For store fixtures, $55,000 2. For merchandise inventory, $240,000 3. For rent expense on a store building, $13,000 c. Later in the year, NRRC purchased merchandise inventory on account for $241,000. Before year-end, NRRC paid $141,000 of this accounts payable. d. During 2018, NRRC sold 2,500 units of merchandise inventory for $375 each. Before year-end, the company collected 85% of this amount Cost of goods sold for the year was $300,000, and ending merchandise inventory totaled S181,000. e. The store employs three people. The combined annual payroll is $97.000, of which NRRC still owes $2,000 at year-end. f. At the end of the year, NRRC paid income tax of $20,000. There are no income taxes payable. g. Late in 2018, NRRC paid cash dividends of $40,000. h. For store fixtures, NRRC uses the straight-line depreciation method, over five years. with zero residual value, Els Print Done Ashley Ca lomework: Chapter 14 Homework core: 0.14 of 1 pt 3 of 4 (3 complete) P14-32A (similar to) National Reserve Rare Coins (NRRC) was formed on January 1, 2018. Additional data for the year follow: (Click the icon to view the data.) Read the requirements. Requirement 1. What is the purpose of the statement of cash flows? The purpose of the statement of cash flows is to show where cash came from and how cash was spent during the period. Requirement 2. Prepare NRRC's income statement for the year ended December 31, 2018. Use the single-step format, with all revenues listed together and all expenses listed together. National Reserve Rare Coins Income Statement Year Ended December 31, 2018 Revenue Sales Revenue $ 937,500 Expenses Rent Expense 13.000 Choose from any list or enter any number in the input fields and then click Check Answer Clear All parts 4 remaining MacBook Air Homework 3 of 4 (3 complete) ary 1, 2018. Additional data for the year follow: Requirements ash flows? ere cash ca 1. e year ende 2. penses lis What is the purpose of the statement of cash flows? Prepare NRRC's income statement for the year ended December 31, 2018 Use the single-step format, with all revenues listed together and all expenses listed together. Prepare NRRC's balance sheet at December 31, 2018. Prepare NRRC's statement of cash flows using the indirect method for the year ended December 31, 2018. 3. 4. $ 937.5 Print Done fields and then click Check Answer Clear All MacBook Air goo F4 Homework: Chapter 14 Homework Score: 0.14 of 1 pt P14-32A (similar to) National Reserve Rare Coins (NRRC) was formed on January 1, 2018. Additional data fo (Click the icon to view the data.) Read the requirements. Requirement 2. Prepare NRRC's income statement for the year ended December 31, 20 National Reserve Rare Coins Income Statement Year Ended December 31, 2018 Revenue. Sales Revenue $ 937,500 Expenses Rent Expense $ 13,000 97.000 Salaries and Wages Expense Income Tax Expense Depreciation Expense 20,000 11,000 Choose from any list or enter any number in the input fields and then click Check Ans. 4 parts remaining esc FL go FR 000 DOO FA Homework: Chapter 14 Homework Score: 0.14 of 1 pt WP14-32A (similar to) National Reserve Rare Coins (NRRC) was formed on January 1, 2018. Additional data (Click the icon to view the data.) Read the requirements Expenses Rent Expense $ 13,000 97,000 Salaries and Wages Expense Income Tax Expense Depreciation Expense 20,000 11,000 300,000 Cost of Goods Sold Total Expenses 441.000 Net Income 496,500 Requirement 3. Prepare NRRC's balance sheet at December 31, 2018 National Reserve Rare Coins Balance Sheet Choose from any list or enter any number in the input fields and then click Check Ar 4 remaining P14-32A (similar to) National Reserve Rare Coins (NRRC) was formed on January 1, 2018. Additional data for the year follow: (Click the icon to view the data.) Read the requirements. Requirement 3. Prepare NRRC's balance sheet at December 31, 2018. National Reserve Rare Coins Balance Sheet December 31, 2018 Assets Liabilities Current Assets: Current Liabilities: Common Stock Store Fixtures 44000 Accounts Receivable Retained Earnings Cash Total Current Liabilities Total Current Assets Choose from any list or enter any number in the input fields and then click Check Answer. Clear All 4 parts remaining MacBook Air P14-32A (similar to) National Reserve Rare Coins (NRRC) was formed on January 1, 2018. Additional data for the year follow: (Click the icon to view the data.) Read the requirements. Assets Liabilities Current Liabilities: Current Assets Store Fixtures 44000 Common Stock Accounts Receivable Retained Earnings Cash Total Current Liabilities Total Current Assets Stockholders' Equity Property. Plant, and Equipment: Total Stockholders' Equity Choose from any list or enter any number in the input fields and then click Check Answer 4 parts remaining Clear All MacBook Air 2) P14-32A (similar to) National Reserve Rare Coins (NRRC) was formed on January 1, 2018. Additional data for the year follow: (Click the icon to view the data.) Read the requirements. Store Fixtures 44000 Common Stock Accounts Receivable Retained Earnings Cash Total Current Liabilities Total Current Assets Stockholders' Equity Property, plant, and Equipment: Total Stockholders' Equity Total Assets Total Liabilities and Stockholders Equity Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining Clear All MacBook Air